The IMA is the leading professional organization devoted exclusively to management accounting and financial management. As set forth in its mission and vision statements, its goals are to help members develop both personally and professionally, by means of education, certification, and association with other business professionals.
IIKM also has a tie up for IMA’s Certification for Accountants and Financial professionals in Business. The Institute of Cost and Works Accountants of India (ICWAI) has entered into a memorandum of understanding (MoU) with the Institute of Management Accountants (IMA), USA. Both the institutes will develop the profession of management accountancy for the benefit of their members and students.
  • Compact (2 papers), Industry relevant syllabus.
  • Online Exam Facility in any metro city
  • International Brand Value
  • Officially Equivalent to ICWA (MOU signed)
  • Huge job opportunities in India & abroad.
  • CMA is a pretty affordable an exam
  • Classroom Coaching / Distance mode
  • Online live video coaching using WEBEX is available in the weekends for working executives
CMA Online Classes Timings & Days
General Timing - 9.30PM -11.30 PM (Night)
2 days (Thursday & Friday) for Part 1 - Almost for 4 Months Students can take up exams
2 days (Saturday & Sunday) for Part 2 - Almost 5 months
Study Materials - Hock Books for 70000 fee - Rigos Books for 60000 fee

CMA Examination Months
Students can take Par 1 or Part 2 or together once the are ready to take exams in the months of
(i) January & February
(ii) May & June
(iii) September & October
3 times in a year CMA conducts online examinations. Students need to register with IMA USA & pay exam fees for attending the exams (additional fee- not included in 70000)

MoU with ICWA

To reflect the globalization of business and the importance of sound management accounting practices in all parts of the world, IMA® and the Institute of Cost and Works Accountants of India (ICWAI), a statutory body enacted under an Act of Parliament of India, have entered into a joint partnership agreement. At the cornerstone of the partnership is a mutual recognition of each organization’s respective certifications, allowing automatic award of IMA’s Certified Management Accountant (CMA®) certification for ICWAI’s Cost and Works Accountant (CWA) certificate holders. With 42,000 qualified professionals, ICWAI is the regulating authority of the cost and management accounting profession in India.
The Institute of Cost and Works Accountants of India (ICWAI) has entered into a memorandum of understanding (MoU) with the Institute of Management Accountants (IMA), USA. The MoU will enable recognition of the professional qualification of the respective institutes. Both the institutes will develop the profession of management accountancy for the benefit of their members and students. According to the MoU, a member of ICWAI can get enrolled as a member of IMA USA and vice-versa. However, an IMA member enrolling as a member of ICWAI will not be allowed to hold a certificate of practice to undertake any statutory work in India.

Certified Management Accountant (CMA) Content Specification

Part 1 1 Financial Planning, Performance and Control (4 hours – 100 questions and 2 essay questions)
  • Planning, Budgeting and Forecasting - 30% Level C
  • Performance Management- 25% Level C
  • Cost Management - 25% Level C
  • Internal Controls - 15% Level C
  • Professional Ethics 5 %Level C
  • Part 2 Financial Decision Making
Part 2 Financial Decision Making (4 hours – 100 questions and 2 essay questions)
  • Financial Statement Analysis 25% Level C
  • Corporate Finance 25% Level C
  • Decision Analysis and Risk Management 25% Level C
  • Investment Decisions 20% Level C
  • Professional Ethics 5 %Level C